Subject: Irish taxation Trevor Sedgewick is UK domiciled, having been born in the UK, but has lived in Ireland continuously for the last 15 years. He has made the following transactions during 2020 and is concerned about his Capital Gains Tax (CGT) position in Ireland: a) Disposal of a French property resulting in a capital loss of €50,000 (proceeds received were €100,000). Trevor has spent €50,000 of the proceeds on a new Mercedes which he purchased in Ireland. The remaining €50,000 is held in his French bank account that he set up to collect rental income from the property and pay his local taxes. b) Disposal of a 50% interest in an apartment located in Dublin with a chargeable gain of €50,000. Trevor’s brother Boris, who is UK tax resident and domiciled, held the other 50% interest in the Irish apartment. Boris sold his 50% interest as part of the same transaction and also made a chargeable